Destination XL Group (Destination XL Group) Long-Term Capital Lease Obligation

: $117.3 Mil (As of Jan. 2024)

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Destination XL Group's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $117.3 Mil.

Destination XL Group's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($111.9 Mil) to Oct. 2023 ($119.5 Mil) but then declined from Oct. 2023 ($119.5 Mil) to Jan. 2024 ($117.3 Mil).

Destination XL Group's annual Long-Term Capital Lease Obligation declined from Jan. 2022 ($120.4 Mil) to Jan. 2023 ($106.9 Mil) but then increased from Jan. 2023 ($106.9 Mil) to Jan. 2024 ($117.3 Mil).

Destination XL Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Destination XL Group's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Destination XL Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

182.05

135.82

120.41

106.91

117.32

Destination XL Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation																106.91	106.85	111.91	119.50	117.32

Destination XL Group (NAS:DXLG) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Destination XL Group Long-Term Capital Lease Obligation Related Terms

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Destination XL Group (Destination XL Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Destination XL Group Inc (NAS:DXLG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 Turnpike Street, Canton, MA, USA, 02021

Website

https://www.dxl.com

Destination XL Group Inc is a retailer of branded and designer men's clothing and footwear in the United States. The company sells shirts, outerwear, suits, sleepwear, footwear and other accessories through branded stores like Polo, Reebok, Oak Hill, Robert Graham, Lacoste, Levi's and True Nation. It also sells products across the world.

Executives

Robert S Molloy	officer: Vice President,General Counsel	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Jack Boyle	director	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Awm Investment Company, Inc.	10 percent owner	527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Anthony Gaeta	officer: SVP, Store Sales & Operations	555 TURNPIKE STREET, CANTON MA 02021
Allison Surette	officer: SVP, GMM	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Dara Pauker	officer: Chief Operating Officer	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
John F Cooney	officer: Chief Accounting Officer	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Stacey Jones	officer: Chief Human Resources Officer	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Ivy Ross	director	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Francis C Chane	officer: VP, Distribution & Logistics	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Stratton Peter H Jr.	officer: SVP Finance,Controller,CAO	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Ujjwal Dhoot	officer: Chief Digital Officer	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
James Reath	officer: Chief Marketing Officer	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Carmen Bauza	director	2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
Willem Mesdag	director	C/O RED MOUNTAIN CAPITAL MANAGEMENT INC., 10100 SANTA MONICA BOULEVARD, SUITE 925, LOS ANGELES CA 90067